The Currency pair Pound Dollar GBP/USD continues to move within the upward trend and is trading at 1.2504. At the moment, there is a potential for the completion of the pair’s growth of the Pound Dollar and the beginning of the fall with a target near the area of 1.24. A strong signal in favor of the pair’s sales is the formation of the reversal Forex Model Head and shoulders on the MACD indicator.
MACD Forecast GBP/USD Pound Dollar on March 29, 2017
The histogram completed the formation of the right shoulder, and the signal line left the histogram limits, which indicates the completion of the signal formation in favor of GBP/USD sales. The cancellation of the fall of the pound-dollar pair will result in strong growth and breakdown of the area of 1.2650, as well as a rise in the histogram above the signal line area, which will indicate the reversal of the reversal pattern.
